JSE flat as market eyes US corporate earnings

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JSE flat as market eyes US corporate earnings
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Banks slipped but some miners were up on Friday morning, with global focus on the start of US corporate earnings season

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The JSE was little changed on Friday morning, with losses by banks and retailers offsetting gains by some miners.

Typically, earnings season comes with a bump higher in stock prices, said Vestact analysts. As things stand, equities seem to be in a holding pattern possibly due to the surge in equity prices so far in 2019. At 10am the all share had gained 0.03% to 58,201.2 points and the top 40 was 0.04% up. Banks were down 0.94% and general retailers 0.65%. Platinums were up 1.38% and gold miners 1.25%.

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